ZS vs. MRSH
ZS (Zscaler, Inc.) and MRSH (Marsh & McLennan Companies, Inc) are both stocks. ZS operates in Software - Infrastructure (Technology), while MRSH operates in Insurance Brokers (Financial Services). Over the past 5 years, ZS returned -9.02%/yr vs 5.55%/yr for MRSH. At a 0.24 correlation, their price movements are largely independent.
Performance
ZS vs. MRSH - Performance Comparison
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Returns By Period
In the year-to-date period, ZS achieves a -42.42% return, which is significantly lower than MRSH's -8.15% return.
ZS
- 1D
- 2.70%
- 1M
- -19.58%
- YTD
- -42.42%
- 6M
- -45.18%
- 1Y
- -57.11%
- 3Y*
- -6.33%
- 5Y*
- -9.02%
- 10Y*
- —
MRSH
- 1D
- 0.32%
- 1M
- 4.74%
- YTD
- -8.15%
- 6M
- -8.49%
- 1Y
- -20.92%
- 3Y*
- -0.08%
- 5Y*
- 5.55%
- 10Y*
- 11.75%
ZS vs. MRSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZS Zscaler, Inc. | -42.42% | 24.67% | -18.57% | 98.00% | -65.18% | 60.90% | 329.48% | 18.59% | 42.58% |
MRSH Marsh & McLennan Companies, Inc | -8.15% | -11.26% | 13.75% | 16.15% | -3.45% | 50.83% | 6.86% | 42.33% | -3.51% |
Correlation
The correlation between ZS and MRSH is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2018 | 0.24 |
The correlation between ZS and MRSH shifts across timeframes, from 0.13 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ZS:
$20.82B
MRSH:
$81.98B
ZS:
-$0.49
MRSH:
$7.99
ZS:
6.48
MRSH:
3.01
ZS:
8.80
MRSH:
5.54
ZS:
$3.17B
MRSH:
$27.52B
ZS:
$2.43B
MRSH:
$11.66B
ZS:
$69.08M
MRSH:
$6.68B
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Return for Risk
ZS vs. MRSH — Risk / Return Rank
ZS
MRSH
ZS vs. MRSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zscaler, Inc. (ZS) and Marsh & McLennan Companies, Inc (MRSH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZS | MRSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.85 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.80 | -0.08 |
| Martin ratioReturn relative to average drawdown | -1.55 | -1.40 | -0.15 |
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Drawdowns
ZS vs. MRSH - Drawdown Comparison
The maximum ZS drawdown since its inception was -76.41%, which is greater than MRSH's maximum drawdown of -67.46%. Use the drawdown chart below to compare losses from any high point for ZS and MRSH.
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Drawdown Indicators
| ZS | MRSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.41% | -67.46% | -8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -64.89% | -27.01% | -37.88% |
Max Drawdown (3Y)Largest decline over 3 years | -64.89% | -34.36% | -30.53% |
Max Drawdown (5Y)Largest decline over 5 years | -76.41% | -34.36% | -42.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.80% | — |
Current DrawdownCurrent decline from peak | -64.88% | -29.62% | -35.26% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -17.41% | -15.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.90% | 15.50% | +21.40% |
Volatility
ZS vs. MRSH - Volatility Comparison
Zscaler, Inc. (ZS) has a higher volatility of 44.34% compared to Marsh & McLennan Companies, Inc (MRSH) at 6.91%. This indicates that ZS's price experiences larger fluctuations and is considered to be riskier than MRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZS | MRSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.34% | 6.91% | +37.43% |
Volatility (6M)Calculated over the trailing 6-month period | 57.43% | 19.10% | +38.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.73% | 23.47% | +35.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.07% | 20.20% | +35.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.78% | 20.94% | +37.84% |
Dividends
ZS vs. MRSH - Dividend Comparison
ZS has not paid dividends to shareholders, while MRSH's dividend yield for the trailing twelve months is around 2.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRSH Marsh & McLennan Companies, Inc | 2.13% | 1.85% | 1.44% | 1.37% | 1.36% | 1.15% | 1.57% | 1.56% | 1.98% | 1.76% | 1.92% | 2.13% |
ZS Zscaler, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ZS vs. MRSH - Financials Comparison
This section allows you to compare key financial metrics between Zscaler, Inc. and Marsh & McLennan Companies, Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ZS vs. MRSH - Profitability Comparison
ZS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported a gross profit of 657.82M and revenue of 850.48M. Therefore, the gross margin over that period was 77.4%.
MRSH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Marsh & McLennan Companies, Inc reported a gross profit of 3.47B and revenue of 7.60B. Therefore, the gross margin over that period was 45.6%.
ZS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported an operating income of -29.64M and revenue of 850.48M, resulting in an operating margin of -3.5%.
MRSH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Marsh & McLennan Companies, Inc reported an operating income of 1.75B and revenue of 7.60B, resulting in an operating margin of 23.1%.
ZS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported a net income of -13.88M and revenue of 850.48M, resulting in a net margin of -1.6%.
MRSH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Marsh & McLennan Companies, Inc reported a net income of 1.15B and revenue of 7.60B, resulting in a net margin of 15.1%.
Frequently Asked Questions
ZS and MRSH have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZS has higher volatility (44.34%) compared to MRSH (6.91%). In terms of maximum drawdown, ZS dropped -76.41% vs MRSH's -67.46%.
MRSH currently has the higher Sharpe Ratio (-0.93 vs -0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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